Halister News

Economic Release Details: {PPCBON Index ECOD} --CLARISSA BATINO

(Bloomberg) -- Indonesian and Thai government notes with tenors of one to two years are likely to be fairly resilient to rising interest rates in developed markets, says DBS fixed-income strategist Eugene Leow.

• Cites speculation of further easing by the respective central banks
• Says high absolute yields offered by rupiah notes also provide a buffer against rising rates
• Favors shorter-duration EM Asian notes as yields will likely be anchored by regional central banks’ still-loose monetary policies
• Longer-dated EM Asian bonds could be subject to greater volatility from rising developed-market yields
• Philippine sovereign securities remain the most vulnerable as the economy may be at risk of overheating and peso’s underperformance also bears watching
• NOTE: SGD, HKD Swaps Advance on Fed Outlook as Malaysian Bonds Slide

To contact the reporter on this story: Liau Y-Sing in Kuala Lumpur at yliau@bloomberg.net To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net Masaki Kondo

Economic Release Details: {NOBRDEPA Index ECOD} --STEPHEN TRELOAR

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.

• To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery

DOWNGRADES

• Bajaj Energy
  • Long-term bank facilities cut to BB- from A at Care
  • Cites uncertainty over resumption of power supply from the company following termination of its agreement by UPPCL
• Panacea Biotec
  • LT bank facilities cut to D from B+ at Care
  • Cites delays in servicing debt obligation

UPGRADES

• Ashoka Sambalpur Baragarh Tollway
  • LT bank facilities raised to A- (SO) from BBB(SO) at Crisil
  • Cites improvement in credit risk profile of parent Ashoka Concessions
• Maheshwaram Transmission
  • Term loan raised to BBB from BBB- at ICRA
  • Cites healthy pace of project execution
• Nandi Economic Corridor
  • LT bank facilities raised to BBB from BBB- at Care
  • Cites increase in toll revenues
• SE Forge
  • Term loan raised to BBB+ from BBB at Care
  • Cites improvement in operational, financial performance

Sale frees up Australia's largest bank to focus on defending allegations it breached anti-money-laundering laws on.wsj.com/2xwI3Bx
Wall Street Journal @WSJ
Sent With: SocialFlow
Original tweet on Twitter.com found here.

Twitter profile information as of September 21, 2017 Description: Breaking news and features from the WSJ. Tweets: 214,538  Following: 1,082  Followers: 14,816,082  Tweeting Since: 4/1/2007  Twitter Verified

(Bloomberg) -- Bund futures (RX1) technical levels in focus.

• Daily Trend Bias: Bearish
• Comment: Heavy tone prevails after FOMC as market arrives at the 160.71-67 (100-, 55-DMAs) support region; daily momentum tools have further downside scope, skewing risks lower in bunds; oversold signs to be monitored closer to 160.25-07 area (200-DMA, cloud base)
  • Resistance: 161.05 (pivot); 161.41; 161.82
  • Support: 160.71-67; 160.50-44; 160.25-07
• NOTE: Roll-adjusted by difference in GFUT
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

Economic Release Details: {BOJDPBAL Index ECOD} --KYOKO SHIMODOI